BA Debt Fund LLC Secures $4.4 Million Loan For Retail Asset In Westminster
6351 Westminster Boulevard
$4,400,000
$176/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Feb 3, 2025
AI
The property involved in this transaction is a retail asset located at 6351 Westminster Boulevard in the Westminster market, encompassing a total square footage of 25,000. The acquisition loan for this asset was set at $4,400,000 with terms spanning 18 months.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,400,000
- Loan Type: Acquisition
- Loan Terms: 18 Months
- Lender: BA Debt Fund LLC
- Broker: Steven Smith - Venture West Funding
- Representatives: Clay Goldthwait & Hiren Naik - Bolour Associates, Inc.
The deal involved key participants including Clay Goldthwait and Hiren Naik from Bolour Associates, Inc., who served as representatives for the lending entity, BA Debt Fund LLC. Steven Smith from Venture West Funding acted as the broker facilitating the acquisition loan.
Players
Westminster Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93